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losses, bigger unemployment and bigger deficits and more wars than president obama, was, by the failed policies of george w. bush. which resulted in directly, the greatest job losses since fdr. this is not easy and it is hard work but we are moving forward. >> let's talk about policies. we didn't hear in the hour and 25 minutes of debate anything about the stimulus package. if you look at the policy the trickle-down government policy as the governor described it, they represented below 6% unemployment now, after spending all of that money and had full charge of the first two years and the policies that this president put into place, actually made it worse. including the fact that obamacare is actually... employers, it is causing them not to hire and gas prices doubled and the middle class is buried under this administration and the vice president said it aptly and it is true. >> chris: let's turn to a couple of issues that came up in the debate. obviously the jobs report came out after the debate. both sides said the other candidate is lying about his position and let's start with taxe
that only affect high income individuals to avoid either raising the deficit or burdening the middle class. it's math, it's arithmetic. >> get the rates down, lower deductions and exemptions to create more jobs because there's nothing better for getting us to a balanced budget to have more people working, earning more money and paying taxes and that's by far the most effective and efficient way to get this budget balanced. >> paul: welcome to the journal editorial report. i'm paul gigot. a big night in denver on wednesday, as president barack obama, and mitt romney met for the first presidential debate and the candidates sparred as you heard over taxes and the deficit as well as health care. wall street reform and the role of government. with mitt romney taking some sharp shots at the president's record these past four years. >> we're seeing right now is, in my view, a trickle down government approach which has government thinking it can do a better job than free people pursuing their dreams and that's not working the. proof of that is 23 million people out of work and the proof one out of
president four years, you said you would cut the deficit in half. we still have trillion dollar deficits. >> five weeks before the election, he says his big idea is, never mind. >> if there is any good news for the president, it is that the unemployment rate dropped to 7.8%, from 8.1%, the lowest since he took office. we were on the ground in denver. jonathan, you said that romney took the if there is any good np republican diverging on panic. them? >> they are backing away from the edge. there is no question this was a make or break moment for governor romney. if he had not shown up like he did in denver, you would have seen a really ugly scene here. this puts them back in the game. it restores confidence among other people running for the house and senate this year who are now happy to be seated with him. it gives them a real boost when they desperately need it. he still hasit gives them a reat of swing states. this puts him back in the game, it turns around and narrative. i am curious to see the next wave. if he is closing the gap in these swing states, there will be pressure on presi
it comes to the fact that matter the most the jobs market debt and deficit in his easy to of this gate and we saw lot of at last night with the vice-presidential deba. i want to set the record straight. vice president biden use the word fact 26 times the hard pressed to deliver any. over tax policy bden: the only way to find $5 trillion of loopholes is to cut the mortgage deduction, health care deduction take away the ability to get a tax break to send kids to college. ryan: he is wrong about that. you can preserve the purposes for middle class taxpayers. biden: has never been done before it. ryan: it has been done a couple of times. jack kennedy, ronald reagan. biden: now your jack kennedy? gerri: that was a cheap shot. bided was wronwhen he claimed lower tax rates never had higher revenues. 1920's were slashed from 70% down a 20%. there rose 60%. kennedy cut across the board with the top rate down at 70%. tax revenues jump. ronald reagan proposed sweeping tax rate reduction and the result revenues up 99%. biden: we made sure we cut taxes for the middle-class. gerri: not even close to
bigger unemployment, bigger deficits, more wars than president obama was by the failed policies of george w. bush which resulted in directly the greatest job losses since fdr. h is hot easy. in is hard -- this is not easy. this is hard work. >> we didn't hear in an hour and 20 minutes of debate anything about the stimulus package because if you look at the policy the trickle down government policy as the governor described it, they represented we would be below 6% unemployment now after spending all that money. the policies that this president put into place is actually made it worse including the fact that obama care is causing small employers not to hire because of rising healthcare costs. gas prices have doubled. the middle class is being buried under this administration. the vice president said it aptly and it is true. >> chris: let's turn to a couple of issues that came up during the debate. obviously the jobs report came out after the debeat. both sides saying that the other candidate is lying about h his position and let's start with taxes. governor, the president keeps saying that
believes. but paul ryan is just a terrible deficit for the ticket. the other thing is it is a base senator john mccain by 2 to 1 in the margin in the youth vote in this country. it's crucial for the president to get similar numbers this time around if he's going to win the state of florida. of course, to vote they must be registered and voter registration drives have been underway for months. yeah, i'm looking to save, but i'm not sure which policy is right for me. you should try our coverage checker. it helps you see if you have too much coverage or not enough, making it easier to get what you need. [ beeping ] these are great! [ beeping ] how are you, um, how are you doing? i'm going to keep looking over here. probably a good idea. ken: what's a good idea? nothing. with coverage checker, it's easy to find your perfect policy. visit today. that he's the guy who is going to protect medicare when he's, in fact, going to turn it into voucher care. senior citizens, especially in states like florida, senate race in north dakota, montana, nevada, and arizona, believe it or not a
the official u.s. deficit this year. it is a doozy. you think your credit card bill is high? we're crunching those numbers. >>> a company will let you turn the outside of your home to a large billboard. people are scrambling to get in line. the guy behind this idea is here to explain. even when they are not, it's always about money. melissa: first, let's take a look at the day's market headlines. stocks closed out the week moving between positive and negative territory. u.s. consumer sentiment hit its highest level in five years but worries over bank profits and potential bailout for spain helped put a damper on investor optimism. the dow squeaked out two teeny, tiny points. advaed micro devices with the biggest loser on the s&p 500. the semiconductor maker cut its third quarter outlook, primarily blaming slowing global demand on weakening global economy. >>> business software company public debut isthe biggest ipo since facebook. that was back in may. >>> to our top story tonight i don't know about you but i envision peace and olive branches when i picture the european union. look at the pi
or explode the deficit. > deficit. >> reporter: what you're saying it it is unrealistic-- >> i'm saying it's impossible, not unrealistic. >> when president obama said in 2008 i'm going to cut the deficit in half, i'm going to close guilt me, people-- gitmo, people said-- did not sigh he was not telling the truth. >> closing gitmo involved congress and he couldn't get them to do that. the math, people over $200,000, and you still have a trillions of dollars hole, and he hasn't named the deductions he would close. this is a shell game, john. whichever shell you pick up, the middle class loses. the economy will lose, and i think that this is going to catch up with him. >> schieffer: what did the president think of his performance? >> i think the president understands-- you know, the president is his harshest critic, and without getting into detail, i think you can assume he has reviewed the tape and it will inform how he handles these subsequent debates. >> schieffer: do you think he was ill prepared. some are saying it was the people who prepared him. you were in the room. >> i was one of th
that his plan to cut the deficit is to cut off funding for pbs. this has become a full-fledged thing in the campaign now. the obama campaign today releasing this 30-second ad specifically on the issue of big bird. it's a sarcastic ad hitting mitt romney for being tough enough to take on this yellow-feathered fellow. and president obama has now fully incorporated the big bird line into his stump speech. >> for all you moms and kids out there, you should have confidence that finally somebody is cracking down on big bird. elmo has been seen in a white suburban. he's driving for the border. oscar is hiding out in his trash can. we're cracking down on um. governor romney's plan is to let wall street run wild again, but he's going to bring the hammer down on "sesame street." >> president obama now having lots of fun with this out on the campaign trail. but as a policy matter, it's sort of a serious thing. when mr. romney was asked during the debate how he would make the math work, he wants to be seen as the math ticket, how would you make the math work? how would you pay for t
a lot more. we'll talk to douglas holtz-eakin on the budget deficit. he will give us some insight and analysis how it all works into the election next hour. friday trading session still underway. we'll see you in the next hour. keep it here on fox business. [ le announcer ] eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and save you up to thousands of llars in out-of-pocket costs. call today to request a free decision guide to help you better understand what medicare is all about. and which aarp medicare supplement plan works best for you. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all
toomey how the deficit is going to play a role in the depate. he was a member of the super committee. plus memorable moments from past vice presidential debates like this one from 1988. >> senator, i served with jack kennedy, i knew jack kennedy. jack kennedy was a friend of mine. senator, you're no jack kennedy. hey. hey eddie. i brought your stuff. you don't have to do this. yes i do. i want you to keep this. it'd be weird. take care. you too. [ sighs ] so how did it go? he's upset. [ male announcer ] spend less time at gas stations with best in class fuel economy. it's our most innovative altima ever. ♪ try this... bayer? this isn't just a headache. trust me, this is new bayer migraine. [ male announcer ] it's the power of aspirin plus more in a triple action formula to relieve your tough migraines. new bayer migraine formula. [ male announcer ] why do more emergency workers everywhere trust duracell...?? duralock power preserve. locks in power for up to 10 years in storage. now...guaranteed. duracell with duralock. trusted everywhere. extra curricular activities help provide a
, the problem of running deficits and accumulating greater debt, that the country had a budget deficit, a trade deficit, a balance of payments deficit, and the fourth one you brought up was a leadership deficit. >> leadership is the greatest. >> can i ask you both, describe what is the problem with what appears to be in your mind a leadership deficit, that we're not getting the leadership on this key issue either from this president or past presidents, this congress or pass congresses/ what does it take to get elected officials to tackle at an issue, increasing their taxes? >> let's start with the families. they will get their attention. the voters have to understand all this, which they did not, and voters need to understand what we have to do to get all this corrected, and they do not. if we ever get that over to the voters, they will vote for the people who are geared up, ready, and know how to do it and are running on that basis, and then we can change this country forever and get us back to where we used to be when i was a boy in the depression. why schoolteachers and would have been docto
for that revenue, and if you don't close $4.8 trillion in those loopholes, two things happen, either the deficit goes up, or more likely is the middle class is going to see their taxes go up. >> but he's saying, as you know, robert, he's stating unequivocally that he will not push the tax cuts if they increase the deficit and that he will not push them if they force back increases on the middle class. >> well, then he has -- then he's got no economic theory. then he's walked away from 18 months of what the whole campaign has been about. but, george, we've seen this movie before where people say, oh, don't worry. it's all going to get paid for. it's fine. when you ask him what loopholes will you close specifically for wealthy earners to help pay for the $4.8 trillion in reduced revenue, there's no answer. i mean, let's be clear. paul ryan a week ago was asked about the math for this, and paul ryan, said, look, the math takes too long. well, mitt romney's solution is he just decided there wasn't math involved in this problem, and that's absolutely crazy. look, the only thing he outlined that he wo
not how we tackle our deficit. >> the pressure now mounting on joe biden with the kentucky clash just over 24 hours away. can he seal the deal or is he facing a mission impossible? even with the a-team linking arms the president's campaign is sticking by its own balance plan and calling reinforcements to gear up. >> i would tell them to take whatever nervous energy they have and whatever hand wringing they will do over the next 24 to 48 hours and put that into a real effort to get this president re-elected. the president can't do it by himself. >> obama has to stand and deliver and nobody can do it for him. >> can the president recover? >> right. >> can he come back and be president on the stage with the contender mitt romney? >> how great is it for barack obama, look at this positively, he's the underdog now. the president of the united states is now the underdog. >> mitt romney will be stump thing hour in battleground ohio with the fiery surrogate chris christie who will be bringing what some on the left call his own jersey shore brand of gtl. go tell lies. meanwhile, romney's
the government deficit topped $1 trillion once again. the treasury says the deficit was roughly 7% of gdp and, larry, the nobel peace prize goes to the eu. the nobel committee gave the prize to the european union acknowledging the 27 blocks advancement and a peace and reconciliation and i know a lot of people think this is ridiculous, but when you think about the history there and the fact that these countries 100 years ago and what they're doing is hard, maybe it's a reminder. >> they should have given them to them 70 years ago and this is the wrong time and i'll talk about that with my pal jimmy pathkuke as. >> my only personal view is it's a ridiculous thing so i've asked cnbc contributor jim pathkukas to come back. at this moment in time with the growth of welfare states and socialism and bankruptcy and bailouts i wouldn't give the european union an award of any kind. what this k this nobel peace prize people be possibly thinking? >> given what you just said and the fact, the eu could still break apart and maybe this is like a parting gift when people are on a game show and given a partin
? unfortunately for the fiscal year, the u.s. deficit totals 1$1.4 trillion. it exceeded the $4 trillion mark. >>> jack kennedy and paul ryan, perfect together? some things about them that are similar. both young, energetic, viant. paul ryan things they have something in common, joe biden not so sure. the republican candidate invoked a camelot era comparison. this time, the issue taxes. >> you can cut tax rates by 20% and preserve important preferences for middle class taxpayers. >> not mathematically possible. >> it's been done before. >> it's never been done before. >> a couple of times. >> nevereen done before. >> ronald reagan. >> now you're jack kennedy. >> ronald reagan. >> twitter was atwitter about that. that comment got a noticeable reaction from the group of undecided voters i watched during the debate last night. see it blown up there in the bottom of the screen. here is the problem, both kennedy and reagan working in a different time and place. to start, when both kennedy and reagan took office, individual tax rates not even in the ballpark of what we have now. kennedy's plan, ena
neutral you wouldn't add to the deficit. let's go through how you would do that. specifically home mortgage deductions, charitable mortgage contributions. are you ready to remove those? what's going on? >> well, i've made pretty clear that my prirnls are number one simplify the code. number two, create incentives for small and large businesses to grow. number three, don't reduce the burden on high income taxpayers. and number four, remove the burden somewhat for middle income people. i don't want to raise taxes on any group of americans. those are the principles. at the same time how we carry them out would be lowering the tax rate across the board and making up for that, both with additional growth and with putting a limit on deductions and exemptions, particularly for people at the high end. those are principles which form the bases of what i would do with our tax proposal. what i want to do is to make it simpler, fairer. i want to encourage the economy to grow again. it's pretty clear that the economy is not growing at the rate it should under the president. and i can tell you w
that substantial deficit reduction would be associated with a substantial reduction in interest rates that would push the economy forward at the more rapid pace. indeed, in an important part of the economic growth of the 1990's can properly be attributed to the unlocking of economic energy that was achieved by the 1993 budget measures, that led to a reduction in interest rate, increase in investment, accelerating growth, lower capital clause, further improvement in the deficit and so forth. that approach, a fiscal consolidationization that lead to substantial growth was a plausible and compelling vision for the country in 1993 1993, it has been a plausible and come compelling vision for other countries and times in places. you cannot fall very far out of the basic. with interest rates at 1.7% for ten years. with a real interest at the level where if you want to put your money or store your money with the government for as much as twentd years, you have to pay them for the privilege of having them hold your money. if they are going give you back inflation. in such an environment, the reduction in
. that is exactly what we are proposing. get america energy independent by the end of the decade. get this deficit and debt under control. make trade work for america. champion small businesses, do not raise taxes on small businesses. they are our job creators. he talks about detroit. mitt romney is a car guy. this is a guy who -- i was talking to a family in massachusetts the other day. their kids were hit in a car crash. two of them were paralyzed. they went to the same church. mitt asked if he could come over on christmas. he brought his boys and his wife and gifts. i know you are struggling, do not worry about college, i will pay for it. mitt romney does not tell these stories. it was not the cash, he gave his time, and he has consistently. this is a man who gave 30% of itincome to charity, more of the two of us combined. he is a good man. he cares about 100% of americans in the country. the vice president knows that sometimes the words do not come out of your mouth the right way. [laughter] >> i always say what i mean. >> we want everybody to succeed. we want to get everybody out of poverty.
questions about his negotiations with the republicans on the financial and debt and deficit issues. and he was tuned in. he answered, he gave his side. he gave his defense. the obama -- the other night in this debate -- it was almost like there were two channels going in his mind, one on the debate and answering in the way he did, which just didn't fit together. and then when he was looking down, it's almost like something else was deeply worrying him. now, i don't know that. the point is, you know, why would he be so out of it in clearly one of the most important political moments of his life? >> sean: it is a really good question. i think -- i think he was shocked because mitt romney looked him dead in the eye, was very deep in the facts. i mean, it was just the opposites of john mccain, in the mccain debate, obama was looking mccain in the eye and mccain looking down or out at the crowd. very different in terms of the body language. on substance, romney was very knowledgeable, across the board, every question and was willing to take the president on. i don't think he is used to that? >>
or four point deficit. they need him to step up and do something. >> andrea: they also -- >> eric: stop the slide. >> andrea: they might rely on immediate you to do the dirty work. hostile in an interview that paul ryan had with a reporter. shows the media fury. >> this country has a crime problem. not a gun problem. >> no, if you look at the gun laws we have. i don't think president obama proposed gun laws. we have good strong gun laws. two have to enforce the laws. we have a lot of laws that aren't properly enforced. we need to enforce the law. best thing to prevent the violent crime in inner cities is bring opportunity in the inner city. >> andrea: we cut that. but it goes on where the reporter gets more and more hostile. eventually the press secretary pulls it. are we going to see the media step few the obama campaign is flailing more? >> dana: often the initials you get good interview from local media. if they think they will win a pulitzer prize from that, they're in trouble. paul ryan is smarter than everybody nellis the room. if it comes across that he knows he's smarter than ev
Search Results 0 to 49 of about 414 (some duplicates have been removed)